Cortina Systems Inc., a Sunnyvale, Calif.-based provider of analog and digital ICs, has raised $132 million in fourth-round funding. The deal will be used to help finance Cortina's $115 million acquisition of Intel Corp.'s optical network components business. Institutional Venture Partners co-led the financing, alongside return backers Canaan Partners and Morgenthaler Ventures. Other new buyers included Alloy Ventures, Bridgescale Partners, Doll Capital Management and Sofinnova Ventures. Other returnees included Kodiak Venture Partners, El Dorado Ventures, Invesco Private Capital, Jafco Ventures and Redpoint Ventures. www.cortina-systems.com
Francisco Partners has agreed to lead an $18.50 per share buyout of Metrologic Instruments Inc. (Nasdaq: MTLG), a Blackwood, N.J.